Looking to diversify beyond FNGLX? The mutual funds below have the lowest correlation with FNGLX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FNGLX.
Best Diversifiers for FNGLX
0 mutual funds have low correlation with FNGLX (below 0.3), 0 of which are negatively correlated. The least correlated is Dimensional Retirement Income Fund (TDIFX) (Target Retirement Date) with a 1Y correlation of 0.74, roughly unchanged from 0.75 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional Retirement Income Fund | 0.74 | 0.78 | 0.75 | 85 | Target Retirement Date | FNGLX vs TDIFX | |
| Fidelity Select Semiconductors Portfolio | 0.75 | 0.74 | 0.77 | 97 | Semiconductors, Technology Equities | FNGLX vs FSELX | |
| Prudential Day One Income Fund | 0.80 | 0.82 | 0.83 | 86 | Target Retirement Date | FNGLX vs PDAHX | |
| Fidelity Freedom Index Income Fund Institutional P... | 0.82 | 0.75 | 0.71 | 76 | Target Retirement Date | FNGLX vs FFGZX | |
| Fidelity Freedom Index Income Fund Investor Class | 0.82 | 0.74 | 0.71 | 76 | Target Retirement Date | FNGLX vs FIKFX |
See all 66 diversifiers for FNGLX
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